Turnover
€265,825 ▼ 88.2%
Turnover fell in 2025 from €2.2m to €265,825.
ARE³
Lifetime
9 annual accounts with figures on one time axispeak €2.2m (2024)
€265,825▼ 88.2%
lowest -€2.9m (2020)
-€382,315▼ €1.5m
peak €15.3m (2019)
€11.1m▼ 3.3%
€39.2m▼ 10.8%
Board6 names since 2021
2 directorsAUBISQUE and 1 other
Owners
99.99%ALYCHLO
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Turnover from €2.2m to €265,825Loss of €382,3151 director appointed, 2 resignations 12-03Cash from €4.8m to €694,531
Key points
from the 2025 annual accountsDebts
€39.2m 77% of the balance sheet
Financial debts 99%Suppliers 0%Taxes and wages 0%
Of this, €425,397 falls due within a year.
Payment terms
62 days to suppliers
ARE³ pays its suppliers 25 days earlier than in 2024. Customers pay 376 days later.
Filings
9 annual accounts 5 late
The 2019 accounts came latest: 61 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 01-09-2026 · 2 in office.
Position in the sector
-€382,315
Lower net result than 94% of companies in construction of buildings. Sector median €32,165 · 1,040 companies.
Checked score
84
Excellent
Financially stronger than 40% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 23 companies (NACE 41, large).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.9%▼ -0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.6 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 13.04, cash €694,531, halved
lowers risk
Size: turnover €265,825, total assets €50.7m
Figures for financial year 2025 (filed on 03-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 35% of them on solvency, 72% on liquidity, 37% on profitability and 14% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as ARE³ has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of ARE³ itself is lower: 0.3% within 12 months. It rests on far more data about ARE³ than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 137 companies, not a prediction for ARE³. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.04 (15.58 in 2024), above the usual 1.5. Short-term debt is 0.8% and cash 1.4% of total assets. However, 78% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 days early
2024
15 days early
2023
30 days late
2022
31 days late
2021
60 days late
2020
8 days early
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PM
Phal Management BV
Director, Laurens Puttemans
Shares in 6 companies, including A.H.H. VASTGOED and Désirée Durbuy
Board & ownershipRecent changes
Resignation: Vrae BV (director)
Appointment: Phal Management BV (director) · General meeting of 01-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0646738194
1 director appointed, 2 resignations
Resignations: Crescemus BV and Rio Management BV · Permanent representatives: Pieter Bourgeois, Anthony Piette and Frederic Teerlynck · Appointment: Vrae BV · General meeting of 15-01-2025 · Gazette deed
Amendment of the articles
General meeting of 25-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARE³ Merelbeke-Melle | €0.3m | - | 22.0% | - |
| ORELIA Wommelgem | €0.1m | - | 25.2% | - |
| CARE INVEST Ghent | - | - | 20.8% | 1.7 |
| SUNFIRE Tielt | €1.8m | 15.9% | 86.1% | 6.4 |
| Mace International Construction (Belgium) BV Brussels | - | - | -91.2% | - |
| WONINGBUREAU PAUL HUYZENTRUYT Waregem | - | - | 64.0% | 2 |
| MONTEFIORE DEVELOPMENT Ans | - | - | 2.3% | - |
These companies have the same main activity as ARE³: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €27m and €71m, founded between 2007 and 2020.
Official details
Source: KBO- Status
- Active since 19-01-2016Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.251.113.5439820 Merelbeke-Melle, since 19-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €1.7m▼ 60.0%
- €50.7m▼ 9.2%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Companies linked to ARE³
Subsidiaries and holdings
Insights on ARE³
ARE³ has existed since 2016. In 2024 turnover rose from €34,323 to €2.2m.
ALYCHLO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARE³
- What is the company number of ARE³?
- The company number of ARE³ is 0646.738.194. The VAT number is the same number with BE in front: BE 0646.738.194.
- Where is ARE³ based?
- The registered office is at Lembergsesteenweg 29, 9820 Merelbeke-Melle.Company details
- What does ARE³ do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of ARE³?
- ARE³ is a public limited company (NV).
- When was ARE³ founded?
- ARE³ was founded on 19-01-2016.
- Is ARE³ still active?
- Yes, ARE³ is an active enterprise in the KBO register.
- What is the turnover of ARE³?
- The turnover of ARE³ was €265,825 in financial year 2025, according to the filed annual accounts.Financials
- Is ARE³ profitable?
- In financial year 2025, ARE³ made a loss of €382,315.
- Where can I find the annual accounts of ARE³?
- ARE³ filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARE³ due?
- ARE³ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.ALYCHLO · 98 companies
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